FOUNDATION CERTIFICATE IN INTERNATIONAL INSOLVENCY LAW COURSE BROCHURE 2019 2020

FOUNDATION CERTIFICATE IN INTERNATIONAL INSOLVENCY LAW COURSE BROCHURE 2019 2020

FOUNDATION CERTIFICATE IN INTERNATIONAL INSOLVENCY LAW COURSE BROCHURE 2019 2020

FOUNDATION CERTIFICATE IN INTERNATIONAL INSOLVENCY LAW COURSE BROCHURE 2019 - 2020 Leading to a certificate award with the designation FOUNDATION CERTIFICATE IN INTERNATIONAL INSOLVENCY LAW

FOUNDATION CERTIFICATE IN INTERNATIONAL INSOLVENCY LAW COURSE BROCHURE 2019 2020

Page 1 About INSOL International . 2 Word of welcome . 3 Course aims and objectives . 4 Course Committee . 5 Basis course structure and other information . 5 Course modules and selection . 8 Admission requirements . 10 Course assessments . 11 Course fees and applications for admission . 12 Outcome of participation . 15 Disclaimer and miscellaneous matters . 15 List of designated countries .

17 Contact Information: David Burdette Course Leader / Administrator INSOL International 6-7 Queen Street London EC4N 1SP www.insol.org Tel: 00 (44) (0) 20 7248 3333 Fax: 00 (44) (0) 20 7248 3384 E-mail: david@insol.ision.co.uk Contents

FOUNDATION CERTIFICATE IN INTERNATIONAL INSOLVENCY LAW COURSE BROCHURE 2019 2020

Page 2 INSOL International is a worldwide federation of national associations of accountants, lawyers and other professionals who specialise in turnaround and insolvency. There are currently over 40 Member Associations with over 10,500 professionals participating as members of INSOL International. INSOL also has ancillary groups that represent the judiciary, regulators, lenders and academics. These groups play an invaluable role within INSOL and provide important forums for discussions of mutual problems.

INSOL was formed in 1982 and has grown in stature to become the foremost insolvency association in the world.

It is an important source of professional knowledge, which is being put to use around the world on diverse projects to the benefit of the business and financial communities. INSOL’s vision and purpose INSOL with its Member Associations will take the leadership role in international turnaround, insolvency and related credit issues; facilitate the exchange of information and ideas; encourage greater international co-operation and communication amongst the insolvency profession, credit community and related constituencies.

Our goals:
To work with and involve our Member Associations in our activities;
To implement research into international and comparative turnaround and insolvency issues;
To participate in Government, NGO and intergovernmental advisory groups and to liaise with these institutions on relevant issues;
To assist in developing cross-border insolvency policies, international codes and best practice guidelines;
To provide a leadership role in international educational matters relating to turnaround and insolvency topics;
To facilitate the exchange of knowledge amongst our Member Associations through our conferences and publications.

Through these goals INSOL International aims to assist its members with vital research, by developing internationally accepted legislation and guidelines, and providing through conferences, our web site and publications, a forum to exchange knowledge and learn from the experiences of other countries.

FOUNDATION CERTIFICATE IN INTERNATIONAL INSOLVENCY LAW COURSE BROCHURE 2019 2020

Page 3 Welcome to the Foundation Certificate in International Insolvency Law course (Foundation Certificate), offered by INSOL International. The Foundation Certificate is a postgraduate certificate programme aimed at inexperienced or new entrants to the insolvency profession, especially in emerging market and developing jurisdictions.

INSOL International aims to provide an affordable, easily accessible course for working practitioners that can be completed at a realistic pace with the use of modern technology. To this end, the course is presented entirely online and does not require registered candidates to travel anywhere in order to complete the course. This course will be presented for the first time in 2019/20. The Foundation Certificate course is presented in one-year cycles between 1 September and 31 August each year and can be completed in one year, or over the course of two years should candidates wish to pace themselves in the completion of the course.

Registered candidates are required to complete eight modules in order to obtain the certificate, three of which are compulsory modules and five of which are elective modules. For the elective modules, candidates can choose from 25 jurisdictions in five regions across the globe. The prescribed materials for each of the modules have been prepared by experts in practice and academia, reflecting a wide pool of specialised expertise. The relevant modules and choices available are dealt with in detail elsewhere in this brochure.

Globalisation has fundamentally altered insolvency practice around the world, creating new challenges for lawyers, accountants and turnaround professionals. This trend towards globalisation is complemented by the development and enactment of new legislative instruments, such as the European Insolvency Regulation and the UNCITRAL Model Law on Cross-Border Insolvency, the latter of which has been adopted in a number of jurisdictions around the world. With firms and individuals becoming increasingly aware of the importance of preparing for the future, the Foundation Certificate is well placed to prepare inexperienced practitioners or new entrants to the field of insolvency by providing them with a sound theoretical and practical knowledge of the basics of international insolvency law.

Being a bespoke course with a specific objective in mind, the content of this course has been designed from scratch by a number of specialists in the field. INSOL International is in the unique position of being able to source the services of some of the most highly qualified and experienced practitioners and scholars in the field to provide an introductory course on the legal elements of international insolvency and restructuring. This brochure provides essential information regarding the contents and requirements of the course. A very competent and dedicated team, based at INSOL International’s Office in London, is responsible for the administration of this course.

The Foundation Certificate course for 2019/20 commences with enrolment on 1 March 2019, with the course formally commencing on 1 September 2019. We are excited at the prospect of providing our members with a course that is both affordable and easily accessible, and which can assist new or inexperienced entrants to the insolvency profession by providing them with a solid basis for future career development. If you have any questions regarding the course please do not hesitate to contact the INSOL Office in London, or David Burdette directly at david@insol.sion.co.uk.

On behalf of the Course Committee INSOL International Foundation Certificate in International Insolvency Law Word of Welcome

Page 4 The Foundation Certificate in International Insolvency Law focuses on providing a sound theoretical understanding of the basic principles of international insolvency law for persons who have had only very limited exposure to this field (or no exposure at all). While the emphasis is on providing a sound theoretical understanding of the principles of international insolvency law, the course will also provide candidates with a practical understanding of the issues at play, though at an introductory level.

The course is presented entirely online and while support and guidance will be provided to candidates, this is mainly a self-study course to be completed at a pace suitable to each individual candidate.

Emphasis is placed on corporate insolvency law and introduces candidates not only to the insolvency laws of various jurisdictions, but also to the various available mechanisms for dealing with international insolvencies. The course focuses on:
An understanding of the various principles and theories that apply in international insolvency law;
An overview of the UNCITRAL Model Law on Cross-Border Insolvency or the European Insolvency Regulation;
An overview of the insolvency system that applies in the United Kingdom or the United States (as two leading global insolvency systems), including the approach to crossborder insolvency in these two jurisdictions;
An overview of the insolvency systems and approach to international insolvency in various jurisdictions across the globe.

Candidates can select from the 25 jurisdictions in five regions on offer.

The specific goals of the course are:
To introduce candidates with no or very limited experience in cross-border insolvency to the principles of international insolvency law;
To introduce candidates to legal concepts and theories relating to international insolvency law;
To introduce candidates to both primary and secondary insolvency legislation in a number of jurisdictions;
To provide an overview of the purpose of international insolvency proceedings and the impact it can have on domestic insolvency proceedings;
To provide candidates with a broad overview of the UNCITRAL Model law on CrossBorder Insolvency Law or the European Insolvency Regulation, thereby providing insight into international legislative initiatives dealing with international insolvency;
To provide candidates with an overview of the insolvency systems of the United States or the United Kingdom and how they are applied in practice;
To provide candidates with an overview of the insolvency systems of five additional jurisdictions from a list of 25 countries and how such jurisdictions approach the issue of international insolvency.

Upon successful conclusion of the course, candidates will have:
A sound understanding of the principles of international insolvency law;
A sound understanding of the legal concepts and theories that apply to international insolvency law;
A broad understanding of the primary and secondary legislation that applies in a number of jurisdictions, as well as the ability to apply such legislation to limited practical situations;
A broad understanding of the purpose and application of the UNCITRAL Model Law or the European Insolvency Regulation;
The ability to understand and apply the rules of international insolvency to a given set of facts.

Course Aims and Objectives

Page 5 David Burdette Chair / Course Leader – INSOL International, UK Jane Dietrich Fellow, INSOL International, Board Director INSOL International, Cassels Brock, Toronto, Canada Jassmine Girgis Associate Professor, University of Calgary, Calgary, Canada Georg Kodek Professor, Vienna, University of Economics and Business, Vienna, Austria Dhananjay Kumar Fellow, INSOL International, Cyril Armarchand Mangaldas, Mumbai, India Timothy Le Cornu Fellow, INSOL International, KRyS Global, Guernsey Kathleen van der Linde Professor, University of Johannesburg, Johannesburg, South Africa Victoria Weyulu Ministry of Justice, Windhoek, Namibia Number of modules to be taken In order to be awarded the Foundation Certificate, candidates are required to complete a minimum of eight (8) modules, three (3) of which are compulsory (although a choice is offered for Modules 2 and 3) and five (5) of which are electives.

Candidates may also take the modules not selected under Modules 2 and 3 (compulsory modules) as an elective, as indicated under the heading “Course Modules and Selection” below.

Candidates may take more than the minimum of eight modules, but are advised that this will create an additional workload which some candidates might struggle to cope with. Taking additional modules will also impact on the cost of doing the course – see “Course Fees” below. The only restriction on the choice of elective modules is that candidates may not choose their home jurisdiction as one of the electives. The eight modules needed for the Foundation Certificate may be completed over a period of between one and two years, with one year being the minimum and two years the maximum amount of time a person may be enrolled in order to be awarded the certificate.

Course Committee Basic Course Structure and Other Information

Page 6 Weighting of modules Each of the course modules are of equal weight and consist of 80 notional hours. (The notional hours represent an estimate of all the time that will be required to complete the module and includes reading, preparation, completion of assessments, etc.) Language medium The course is presented in English. Where there is doubt regarding an applicant’s proficiency in the English language, INSOL International reserves the right to request the submission of an IELTS or TOEFL certificate as follows:
IELTS: minimum score of 6.5;
TOEFL: Reading: Intermediate (15-21 out of 30); Writing: Fair (17-23 out of 30).

Pass marks The pass mark for the course is 50 percent, with students having to obtain a minimum of 50 percent for EACH of the individual module assessments. This means that even if a candidate obtains an overall average of over 50 percent, he or she will still fail if they have not passed all assessments with an average of 50 percent, Stated differently, candidates will be awarded the Foundation Certificate only if they have passed eight individual modules as prescribed. Candidates who fail the assessment for a particular module will have to re-enrol for the relevant module, or enrol for a different module, in the following year.

Level of achievement Successful candidates will be issued with a certificate indicating they have passed the Foundation Course in International Insolvency Law. Levels of achievement, such as Pass with Commendation or Pass with Distinction, are not awarded as part of this programme. Re-sit assessments No provision is made for re-sits where a candidate has failed the assessment for a particular module or modules. In such cases candidates will be required to re-do the failed module, or to take a different module, the following year.

However, if at the end of the maximum two-year cycle for obtaining the Foundation Certificate a candidate needs only one module to pass the course as a whole, the Course Leader may, after consulting with the Course Committee, allow the candidate one further opportunity to pass the module. Such assessment will take place on an ad hoc basis and the candidate will have to pay the full module fee of £200 in order to take the re-sit. This rule will apply regardless of whether the candidate is from a designated or non-designated country.

If at the end of the two-year cycle the candidate needs two or more modules to pass the course, such candidate will have to re-enrol and re-do the course in its entirety, with the exception of Module 1, for which credit will be given if the candidate has in fact passed that module previously.

Page 7 Course duration The course will be presented in one-year cycles between 1 September and 31 August each year. Candidates will be allowed a period of two (2) years within which to complete the course, but may do so within one year provided they pass all the relevant modules for the Foundation Certificate in the relevant year. Candidates who do not complete the prescribed number of modules for the Foundation Certificate within the prescribed period of two years, will not be awarded the Foundation Certificate but will be issued with a certificate indicating the modules that have successfully been completed.

If such a candidate wishes to obtain the Foundation Certificate, he or she will need to re-enrol on the course when a new cycle of two years within which to complete the course, will commence. No credits previously obtained will count towards the Foundation Certificate upon re-enrolment, apart from credit for Module 1 (which a candidate will not be required to redo if they have passed it on a previous attempt).

Deferment Due to the fact that candidates have two years within which to complete the course, no deferments on the course will be allowed. Candidates who are unable to complete the course within the maximum period of two years, for whatever reason, will need to re-enrol for the entire course (with the exception of Module 1, if the module has been passed previously) in order to obtain the Foundation Certificate. Modules taken for non-certificate purposes Candidates who have successfully completed the course and who have been awarded the Foundation Certificate, may thereafter enrol for additional modules on an ad hoc basis for noncertificate purposes.

Where modules are taken for non-certificate purposes, a certificate will be issued to each such candidate at the end of each year cycle of the course, stating which modules were passed and the number of notional hours allocated to each module. Candidates enrolling for non-certificate purposes may register for as many modules as they wish, although it is suggested that taking more than eight (8) modules may have a negative impact in terms of workload. There is no limit on the number of times a person may enrol for non-certificate purposes; the only requirement is that such person must already have passed and obtained the Foundation Certificate.

Application deadline The deadline for applications for the 2019/20 course is 31 August 2019. The online application system will open on 1 March 2019.

Page 8 In order to be awarded the Foundation Certificate, candidates are required to complete a minimum of eight (8) modules, three (3) of which are compulsory (although a choice is offered for Modules 2 and 3) and five (5) of which are electives. Candidates may also take the modules not selected under Modules 2 and 3 (compulsory modules) as an elective, as indicated under the heading “Course Modules” below.

Candidates may take more than the minimum of eight modules, but are advised that this will create an additional workload that some candidates might struggle to cope with. Taking additional modules will also impact on the cost of doing the course – see “Course Fees” below. The only restriction on the choice of elective modules is that candidates may not choose their home jurisdiction as one of the electives.

The modules may be completed over a period of between one and two years, with one year being the minimum and two years the maximum amount of time a person may be enrolled in order to be awarded the Foundation Certificate. The module choices appear below. Compulsory modules Candidates must complete three (3) compulsory modules, as follows: Module 1 (this module is compulsory for all candidates) Introduction to International Insolvency Law Module 2 Module 2A - The UNCITRAL Model Law on Cross-Border Insolvency OR Module 2B - The European Insolvency Regulation Please note: Module 2A can be taken as an elective if a candidate has selected module 2B as one of the compulsory modules.

Module 2B can be taken as an elective module if a candidate has selected module 2A as one of the compulsory modules. See below. Module 3 Module 3A - The Insolvency System of the United States OR Module 3B - The Insolvency System of the United Kingdom Please note: Module 3A can be taken as an elective if a candidate has selected module 3B as one of the compulsory modules. Module 3B can be taken as an elective module if a candidate has selected module 3A as one of the compulsory modules. See below. Course Modules and Selection

Page 9 Elective modules Candidates must select five (5) additional modules from the list below as elective modules (any five modules may be selected; however, candidates may not select their own jurisdiction as one of the electives): Module 4 (The Americas) Module 4A – Argentina Module 4B – Brazil Module 4C – Canada Module 4D – Jamaica Module 4E – Mexico Module 5 (Offshore) Module 5A – Bermuda Module 5B – British Virgin Islands Module 5C – Cayman Module 5D – Guernsey Module 5E – Jersey Module 6 (Europe) Module 6A – France Module 6B – Germany Module 6C – Greece Module 6D – Italy Module 6E – Netherlands Module 7 (Africa and Middle East) Module 7A – Israel Module 7B – Kenya Module 7C – Nigeria Module 7D – South Africa Module 7E – United Arab Emirates Module 8 (Asia and Pacific Rim) Module 8A – Australia Module 8B – China Module 8C – Hong Kong Module 8D – India Module 8E – Singapore Module 2 Module 2A or Module 2B Module 2A can be taken as an elective if a candidate has selected module 2B as one of the compulsory modules.

Module 2B can be taken as an elective module if a candidate has selected module 2A as one of the compulsory modules.

Module 3 Module 3A or Module 3B Module 3A can be taken as an elective if a candidate has selected module 3B as one of the compulsory modules. Module 3B can be taken as an elective module if a candidate has selected module 3A as one of the compulsory modules. Please note: All modules equate to 80 notional hours. Notional hours are an estimate of all the time that will be required to complete the module and includes reading, preparation, completion of assessments, etc.

Page 10 The admission requirements or entrance criteria for the course depends on whether an applicant is from a designated or non-designated country.

A list of designated countries appears on the last page of this brochure. Candidates from designated countries The following entry criteria apply to persons from designated countries: A person holding a bachelor’s degree in law, accounting or business management (and related fields); AND Has less than FIVE years’ experience in the field of insolvency and restructuring; AND Is proficient in the English language; AND Has access to appropriate Internet facilities (that is, Internet facilities of a speed capable of downloading PDF documents and streaming videos).

Candidates from non-designated countries Non-designated countries are all countries that do not appear on the list of designated countries that appears on the last page of this brochure. The following entry criteria apply to persons from non-designated countries: A person holding a bachelor’s degree in law, accounting or business management (and related fields); AND Has less than THREE years’ experience in the field of insolvency and restructuring; OR Is a “small practitioner” who is active in the field of insolvency and restructuring but has less than FIVE years’ experience in the field; AND Is proficient in the English language; AND Has access to appropriate Internet facilities (that is, Internet facilities of a speed capable of downloading PDF documents and streaming videos).

Please note: A “small practitioner” is a self-employed professional; or a person who works for a firm with not more than ten partners / professionals; or a person who works for a firm with not more than two offices within the country where such firm is based and does not have any office or offices in any foreign jurisdiction. Admission Requirements

Page 11 Various forms of assessment will be used to assess candidates during the course. Continuous self-assessment The prescribed guidance text (prescribed notes) will contain numerous self-assessment questions which candidates can use to chart their progress and understanding of the course materials as they progress through the work.

Continuous self-assessments do not count towards a candidate’s marks on the course. Online formative assessment (Module 1) In order to assist candidates with their preparations for the submission of the formal summative assessments, one opportunity will be given to candidates to submit a formative assessment. This formative assessment must be submitted by 15 October 2019. Submission of the formative assessment is not compulsory, but all candidates are urged to submit this assessment in order to identify any shortcomings prior to the submission of the formal summative assessment. Full feedback will be provided to students who submit the formative assessment and the model answers to this assessment will be uploaded to the website once the closing date for submissions has passed.

Online (summative) assessment per module Candidates will be required to complete one formal assessment per module and to submit it online. All modules carry an even weight. In order to obtain the Foundation Certificate, candidates need to have passed at least eight modules with 50 percent or more, consisting of three compulsory and five elective modules. Candidates enrolled for non-certificate purposes will pass or fail the modules they have enrolled for after completion of the online assessments. Certificates of completion will only be issued at the end of the relevant year cycle of the course.

Assessment Schedule Due to the structure of the course, assessments will be completed within specific timeframes, as indicated below. Formative assessment (Module 1) Submission of the formative assessment is voluntary and is designed to assist candidates with their preparations for the formal, summative assessments for each module. In order to receive feedback on this assessment, candidates will have to submit it online by 15 October 2019 at the latest. Summative assessment 1 (Module 1) Assessment 1 will cover Module 1 and must be completed by 15 November 2019. Candidates may elect when to complete the assessment and may submit it whenever they feel they are ready; however, the assessment must be submitted online by 11 pm (23:00) GMT on the due date of 15 November 2019 at the latest.

Course Assessments

Page 12 Summative assessment 2 (Module 2) and summative assessment 3 (Module 3) Assessment 2 will cover Module 2 and assessment 3 will cover Module 3, and both must be completed by 1 March 2020. Candidates will be able to elect when to complete and submit the assessments, and may do so whenever they feel they are ready; however, both assessments must be submitted online by 11 pm (23:00) GMT on the due date of 1 March 2020 at the latest. Summative assessments 4 to 8 (Modules 4 to 8) Assessments 4 to 8 will cover all of the elective modules (that is, Modules 4A to 8E, as well as Modules 2A or 2B, or Modules 3A or 3B, depending on the candidate’s choice of compulsory module).

Candidates will be able to elect when to complete and submit the remaining assessments, and may do so whenever they feel they are ready (between 1 March 2020 and 31 July 2020); however, all remaining assessments must be completed and submitted online by 11 pm (23:00) GMT on the due date of 31 July 2020 at the latest. Marking of Assessments Assessments will only be sent for marking after the final submission date for each of the assessments. Marks will be returned to candidates within three weeks of the final submission date .

Course fees The determination of the course fee depends on whether or not a candidate is a member of INSOL International, is from a designated or non-designated country, as well as whether a candidate is registered for the Foundation Certificate or is merely enrolling for specific modules for non-certificate purposes. Candidates registered for the Foundation Certificate A. Candidates from designated countries INSOL International members: £150 for each year of enrolment where candidates enrol for eight (8) or less modules.

The fee for non-members is £200 for each year of enrolment. OR INSOL International members: £150 for each year of enrolment PLUS £150 for each module in excess of the minimum eight modules where candidates elect to take additional modules over and above the eight required for the Foundation Certificate.

For non-members the fee is £200 for each year of enrolment PLUS £200 for each module in excess of the minimum 8 modules where candidates elect to take additional modules over and above the eight required for the Foundation Certificate. Course Fees and Applications for Admission

Page 13 B. Candidates from non-designated countries INSOL International members: £150 per module (£1,200 for eight (8) modules). Non-members: £200 per module (£1,600 for eight (8) modules). Candidates taking modules for non-certificate purposes INSOL International members: £150 per module, irrespective of whether the candidate is from a designated or non-designated country. Non-members: £200 per module, irrespective of whether the candidate is from a designated or non-designated country.

Payment of fees Payment of the course fee can be made online as part of the application process, or after an applicant has been informed by INSOL International that he or she has been accepted onto the programme.

The course fee cannot be paid in instalments. Candidates will only be granted access to the course materials after the full fee has been paid. A candidate’s right to participate in the programme only arises upon timely payment of the full course fee. The options for payment are provided as part of the online payment system, which forms part of the application process.

The online payment system will specify, in a billing notice, the:
amount due
date by which payment must be made; and
account into which payment is to be transferred. Application deadline Applications for admission to the course will open on 1 March 2019 and close on 31 August 2019. Late applications for admission to the course will not be considered. Applications for admission will be considered as they are received, with applicants being advised of the outcome as soon as possible after having applied. There is no application fee, although applicants will be requested to register as a user on the INSOL International website if they are not members of INSOL International.

How to apply and application process This course is open to anyone who meets the admission criteria. Applicants who meet the admission criteria may apply online here at any time between 1 March 2019 and 31 August 2019. As the application system is automated, only online applications will be considered. The online application system states clearly the supporting documents that need to be provided and applicants will be unable to have their applications approved if the relevant supporting documents have not been uploaded. The online application system has a “save and continue” option, enabling applicants to exit the online application form (before submission) without losing information that has already been entered.

In order to facilitate the efficient processing of applications, applications will only be considered once all the correct requested documents (such as copies of degree certificates, etc) have been uploaded as part of the application process. Applications received without the correct

Page 14 supporting documentation will be rejected and the applicant concerned will need to re-apply. Copies of original documents must be uploaded in PDF format. Once the application for admission to the programme has been approved, the applicant will receive electronic confirmation of registration from INSOL.

Please note that it is the policy of INSOL International not to return to applicants any documentation or materials sent in support of an application. These will be destroyed in compliance with English data protection legislation.

Consideration of individual applications Each application will in the first instance be considered by the Course Leader. Where there is doubt regarding whether an applicant meets the admission criteria, the application will be submitted to the Course Committee for consideration. Any determination made by the Course Committee in this regard is final and no correspondence will be entered into. Access to course materials Once an online application has been approved and full payment of the course fee has been made, registered candidates will be able to access, from 1 September 2019, the course and course materials via the dashboard on the INSOL International website.

The Foundation Course icon will appear on all registered candidates’ dashboards and provides access to the course materials. The dashboard is personalised for each individual candidate, providing access only to the study materials relating to their choice of modules made during the application process.

Cancellation by an applicant Notification of cancellation must be received in writing (e-mail is acceptable, but is only effective if receipt has been confirmed by INSOL). Cancellations will not be reviewed or processed until they are received in writing. Cancellations by telephone will not be accepted. If written notification of cancellation is received up to thirty business days prior to the start of the programme, a participant will be issued a credit, less a processing fee of £100. Cancellations received within thirty business days of the start of the programme will not be refunded. As stated elsewhere in this brochure, deferrals are not provided for on this course.

Substitution policy The substitution of one candidate for another on the programme is permitted up to five working days before the start of the programme (that is, five working days before 1 September). A request for substitution must be submitted in writing (e-mail is acceptable, but is only effective if receipt has been confirmed by INSOL). Substitution requests will not be reviewed or processed until they are received in writing. Requests for substitution by telephone will not be accepted. The substitute must fulfil all the admission requirements for the course and will be required to apply to be admitted to the course by using the online registration system.

Confirmation of cancellation or substitution If no written confirmation of the cancellation or substitution is received within 24 hours, please contact INSOL International and ensure the cancellation or substitution request has been received.

Page 15 Upon successful completion if the course, candidates will be issued with a certificate containing the following designation: Foundation Certificate in International Insolvency Law. Candidates will also be issued with a statement reflecting the year in which the course was completed, the modules that were taken and the marks awarded for each module. In addition:
a full list of persons who have passed the course will be listed on the INSOL International website, including the year in which the candidate passed the course and their country of origin;
a full list of candidates who have passed the course each year will be published in the fourth quarter publication of INSOL World;
the names and contact details of all successful candidates, including the year in which they obtained their certificate, will appear i n the INSOL annual directory.

The directory is sent to all 10,000+ INSOL International members worldwide.

General The information and data contained in this brochure is provided by INSOL International and may be used for informational purposes only. While INSOL International has done everything in its power to ensure that the content of this brochure is accurate and reliable, INSOL International cannot guarantee the accuracy, validity or reliability of this brochure. No right can be derived from the information contained in this brochure and users should always check to confirm the accuracy of the information with the relevant authorised body of INSOL International.

INSOL International is not responsible for any changes in the information provided in this brochure that might occur after publication.

Potential candidates should always refer to the INSOL International office for the latest available information. Literature provided as part of the course materials may provide links to other websites. INSOL International makes no representation whatsoever regarding the content of any other websites which you may access whilst participating in this programme, as INSOL International has no control over the content of these websites and cannot guarantee the reliability or accuracy of any external information to which it is linked.

Disclaimer INSOL International cannot accept any liability for any loss, cost or expense suffered or incurred by any person if such loss is caused or results from the act, default or omission of any person other than an employee or agent of INSOL International. Nor can INSOL accept liability for losses suffered by reason of war, including threat of war, riots, and civil strife, terrorist activity, natural disaster, weather, fire, flood, drought, technical, mechanical or electrical breakdown, industrial disputes, government action, regulations or technical problems which may affect the services provided in connection with the Foundation Certificate.

English Law shall govern the contract between candidates and INSOL International and any disputes shall be the exclusive preserve of the English Courts. Outcome of Participation Disclaimer and Miscellaneous Matters

Page 16 Procedural regulations The Course Committee may remove any participant from the programme, decline to award the Foundation Certificate, or withdraw the award of the certificate, if, at any stage, before or after the award of the certificate, it is established that:
the candidate has engaged in an unfair practice (for example cheating, including plagiarism) in relation to the programme, or
the requirements for admission to the programme have not been met, or
the candidate has brought the profession into disrepute. No refund shall be given if the participant does not complete the programme, regardless of the reason.

Cancellation of the Foundation Certificate by the organisers In the event that the course is cancelled by INSOL International, or by reason of any factor outside the control of INSOL International and cannot take place, the amount of the registration fee shall be refunded. INSOL International’s liability shall be limited to that refund, and INSOL International shall not be liable for any other loss, cost or expense, howsoever caused, incurred or arising.

Page 17 Afghanistan Albania Algeria American Samoa Angola Armenia Azerbaijan Bangladesh Belarus Belize Benin Bhutan Bolivia Bosnia and Herzegovina Botswana Brazil Bulgaria Burkina Faso Burundi Cabo Verde Cambodia Cameroon Central African Republic Chad China Colombia Comoros Congo, Dem Republic Congo, Republic Costa Rica Côte d'Ivoire Cuba Djibouti Dominica Dominican Republic Ecuador Egypt, Arab Republic El Salvador Equatorial Guinea Eritrea Ethiopia Fiji Gabon Gambia, The Georgia Ghana Grenada Guatemala Guinea Guinea-Bissau Guyana Haiti Honduras India Indonesia Iran, Islamic Republic Iraq Jamaica Jordan Kazakhstan Kenya Kiribati Korea, Dem Republic Kosovo Kyrgyz Republic Lao PDR Lebanon Lesotho Liberia Libya Macedonia, FYR Madagascar Malawi Malaysia Maldives Mali Marshall Islands Mauritania Mauritius Mexico Micronesia, Fed Sts Moldova Mongolia Montenegro Morocco Mozambique Myanmar Namibia Nauru Nepal Nicaragua Niger Nigeria Pakistan Papua New Guinea Paraguay Peru Philippines Romania Russian Federation Rwanda Samoa São Tomé and Principe Senegal Serbia Sierra Leone Solomon Islands Somalia South Africa South Sudan Sri Lanka St Lucia St Vincent and the Grenadines Sudan Suriname Swaziland Syrian Arab Republic Tajikistan Tanzania Thailand Timor-Leste Togo Tonga Tunisia Turkey Turkmenistan Tuvalu Uganda Ukraine Uzbekistan Vanuatu Venezuela, RB Vietnam West Bank and Gaza Yemen, Republic Zambia Zimbabwe List of Designated Countries

Page 18 Copyright ©2018 INSOL INTERNATIONAL. All Rights Reserved. Registered in England and Wales, No. 0307353. INSOL, INSOL INTERNATIONAL, INSOL Globe are trademarks of INSOL INTERNATIONAL.